Savings Bank: 3.1 percent GDP growth is expected this year

According to the analysts of the Savings Bank, this year3.1 percent gross domestic product (GDP) growth is expected, while 2.5 percent expansion is expected for the next year – Oszlay András, head of department of the bank said at a press conference on Wednesday in Budapest.

He added that this year's annual average inflation is expected to be 0.2 percent, for next year it can be 2.4 percent.

He emphasized that the general government deficit, compared to GDP this year may remain below the 2.4 percent figure plan, however, the external equilibrium indicators will be better than expected. (MTI)